Emory University is ready to shake up the VC world with its first student-run venture capital fund focused on minority entrepreneurs. The Peachtree Minority Venture Fund (PMVF) was launched at The Roberto C. Goizueta Center for Entrepreneurship and Innovation at Emory University’s Goizueta Business School. The fund, funded by the Goizueta Business School endowment, was made to support Black, LatinX, and Native American entrepreneurs. It currently has $1M in assets under management, and students are responsible for souring companies, conducting due diligence, and making investment recommendations to the Peachtree Investment Committee, reported
A study assessing the working conditions of Black workers during the pandemic has found that they preferred remote working compared to the office as they felt more valued and supported. Although working from home has its challenges from endless Zoom calls and juggling child care duties – for many Black workers in white-dominated jobs, getting out of the office has resulted in a vast improvement in their employee experience. According to a survey by the Future Forum, a research consortium created by software maker Slack Technologies. The survey of more than
The venture capitalist and American tech entrepreneur has spoken out on her journey into the industry and how she – and fellow founder Joey Womack – hope to level the playing field. Ms. Solomon, who acts as a managing partner of the investment firm ‘Collab Capital’, a fund that aims to close the funding gap for Black entrepreneurs, said: “The bruises were motivation, I didn’t want other people to have the same knocks that I had in my journey. “So, it was pretty clear to me what I needed to
Engineers have paved the way toward advances in all sciences. For example, it’s nearly impossible to imagine how we would have survived the Covid-19 lockdown without online delivery, Zoom, and of course, software’s influence on testing and vaccine distribution. But there is no doubt that the industry still has a long way to go for inclusivity both in the UK and the US. Black History Month is an annual celebration of the men, women, and essential events in the history of Black people. It takes place throughout October in the UK but in February
The Oakland Black Business Fund has been selected as the inaugural recipient of Michael Jordan and the Jordan Brand’s Community Grant. The initiative is part of the Jordan Brand’s ‘Black Community Commitment Grant Program.’ It will fund the Oakland Black Business Fund’s [OBBF’s] mission to build peer-to-peer relationships within Black business owners, technical assistance providers, and tech companies. According to PR News Wire, OBBF aims to offer a sustainable growth model for underserved and under-funded businesses coming out of the Bay Area. In a statement, OBBF Co-Founder Trevor Parham said: “OBBF has had
Ellington West is the CEO of Sonavi Labs, a company using a digital stethoscope with Bluetooth connectivity, called Feelix, to identify and diagnose respiratory disease from lung and body sounds. The recognition comes after she closed a seed round with over $3.5 million raised. It was supported by Sand Hill Angels of Silicon Valley, Gaingels, Nightingale Partners, Matt Hellauer of PTX Capital, and other angel investors. The company has also received two grants through the National Institutes of Health worth over $3 million combined. She then went on to win $100,000 in the Princeton Empower 2021 pitch competition. In addition, the company received
From attorney to tech history maker – Natalie King’s vision led to the first Black woman-owned electric vehicle recharging station. Dunamis Clean Energy Partners has a fast charger that can recharge a vehicle in 30 minutes. It also comes with a screen that allows operators to advertise to pick up an additional revenue stream. With the residential model, users can mount it to their garage wall and expect a full charge for their electronic vehicle in four-to-six hours. King’s journey to building Dunamis Charge began in 2007 when she and her ex-husband
Ziscuit, which is thought to be the world’s first grocery search engine, today announced it will launch its platform at the 2021 Techstars Farm To Fork Accelerator Demo Day. The all-new grocery search engine will initially launch in two zip codes in the Atlanta metro area. It will help budget-sensitive customers save $5 to $10 per shopping trip by instantly showing them where the cheapest groceries are in their neighborhood. After Ziscuit’s Atlanta launch, the company will target 25 additional cities. Founder & CEO Mark Anthony Peterson said he started
Although there aren’t many, Black-owned banks have gone from strength to strength and have enabled the community to accumulate savings, learn finance skills, start their businesses, and more. Some might question why these banks are necessary, and the truth is, in some parts of the world, financial exclusion has put Black people at a severe disadvantage. And if you take a closer inspection at America’s staggering wealth gap where the median wealth for a Black family is just a tenth of a White household’s – it becomes more apparent why minority-owned banks
Rheaply, a startup that specializes in recycling and sourcing unused items, has just announced that it received an undisclosed amount of funding from the Carbon Neutral Cities Alliance Game Changer Fund. The firm also combines a resource-sharing network with a user-friendly resource management platform. The investment is meant to help the Black-owned venture build an online exchange for building products and other resources. The exchange, which is set to launch in late 2022, will enable businesses in the greater Bay Area to access surplus and salvaged resources at cost-effective rates.
